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Telework Markets and the Virtual Business Incubator Response

Telework Markets and the Virtual Business Incubator Response. 1. Background on Online Markets. Typical Users of Online Markets. Small/new entrepreneurs Established businesses Students/part-time job seekers. 1. Background on Online Markets. Leading Telework Fields. Translation

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Telework Markets and the Virtual Business Incubator Response

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  1. Telework Markets and the Virtual Business Incubator Response

  2. 1. Background on Online Markets Typical Users of Online Markets • Small/new entrepreneurs • Established businesses • Students/part-time job seekers

  3. 1. Background on Online Markets Leading Telework Fields • Translation • Graphic Design • Software Development • Virtual Assistance • Web Design • Research • Copywriting/Editing • Transcription • Music/Song Writing • Online Tutoring/eLesson Development

  4. Specialties of Leading Markets Rentacoder for reputation-building Joomlancers for specialized IT AuthenticJobs for unique opportunities Sologig for bidding-free projects

  5. 1. Background on Online Markets Reviewing Project Opportunities

  6. 1. Background on Online Markets Typical Approaches Used • Many online markets work like reverse auctions: the Service Provider identifies a job and offers to complete it for slightly less than the other “bidders.” • Like eBay, both Service Provider and Service Buyer are rated according to delivery and dependability in graded systems. • Some sites act as virtual message boards where Service Buyers simply post a request and it is between the Buyer and Provider to establish qualifications and project terms.

  7. 1. Background on Online Markets Common Problems Encountered By Entrants Into the Markets • Difficulty of landing initial projects • Lack of experience in bidding for large projects • Skills gaps and lack of knowledge of international business norms

  8. 2. Opportunity for the VBI Objectives of the Virtual Incubator • Increase the number of registered participants in leading online markets • Increase the number of telework projects won by the three primary countries • Generate a significant increase in revenues for SEE entrepreneurs in the sponsoring countries

  9. 2. Opportunity for the VBI Interactive Tour of VBI Resources

  10. 2. Opportunity for the VBI VBI Telemarket Springboard The VBI main page hosts links to all 12 specialization pages and 50+ markets.

  11. 2. Opportunity for the VBI VBI Telemarket Springboard (cont.) Sites have been screened for: • Rate of use/popularity • International applicability • Repeat markets Regular updating will provide: • Emerging markets • Market expansion • Usage/popularity rates

  12. 2. Opportunity for the VBI VBI Advantages • 12 specialty market pages offers easy navigation • Prescreening and profiling maximizes time and effort • Usage fee reporting allows workers to best allocate resources

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